By Bob Stark, Agricultural Economist and Jason Kelley, Professor and Extension Agronomist – Wheat and Feed Grains
The Arkansas No. 2 Yellow Corn Cash Market continued to strengthen during the past week after falling 4 cents over the weekend (Figure 1). The market did not conduct business on Monday due to the Columbus Day holiday and opened trading on Tuesday at $4.05, a 10 cent gain over the statewide average opening price of the previous week opening day. Price rose 6 and 7 cents, respectively, on Wednesday and Thursday before giving back 2 cents on Friday. The Friday closing statewide average stood at $4.16, an overall 7 cent gain from the previous week closing average. Highest daily individual market price for the past week was $4.26 at West Memphis on Thursday. Low quote of the week was $3.96 at Little Rock on Monday. Seven markets provided quotes each trading day during the past week. Prices for the closing on Friday from the seven reporting markets ranged from a low of $4.07 at Little Rock to a $4.25 high at Osceola. The closing range of 18 cents was 1 cent wider than the previous week span.
(Market average prices stated in this report are unweighted averages of the state markets surveyed by NASS. Price data was based on USDA LR GR111 Arkansas Daily Grain Reports.)